Sunday, September 27, 2020

Carphone Warehouse to slash 92 stores as owner vows to “take action”

Almost 100 Carphone Warehouse stores will close this year as the retailer’s new chief executive begins a new programme of cost-saving measures. Newly-installed boss Alex Baldock...
Shoe Zone

Shoe Zone to snap up 10 vacant Maplin stores

Shoe Zone is understood to be eyeing former Maplin stores as it continues its expansion drive across the UK.

Desmond & Dempsey to launch debut pop-up store

Luxury sleepwear brand Desmond & Dempsey has announced plans to open its debut pop-up store in Covent Garden.
Mark Carney business rates

BoE Mark Carney: Business rates have become a “real issue”

The governor of the Bank of England has gone on the record to say that business rates have become a "real issue" across the UK.

£300m of business rates refunds held until “cash tax” decision reached

Unpaid business rates refunds for the Big 4 worth £300 million are being held until a decision is made on how to tax ATM machines
Next CVA clause

Next demands parity with rent cuts given to ailing peers

Next is looking at inserting a clause into its leases to lower its rent in response to a wave of rent reductions from CVAs.
Ikea

Ikea scraps plans for 2nd largest store in North West

Ikea has scrapped plans to build its second largest UK store in North West England over fears of “rising costs”.

Urban Outfitters to open 30th UK store at The Brewery Quarter

Urban Outfitters is set to open a new 8000sq ft stores in Cheltenham’s newly extended Brewery Quarter.

Major new Canada Water scheme with 1m sq ft of retail & leisure space...

Plans for a new £4 billion mixed-use development in London’s Canada Water have been submitted.
train station retail

COMMENT: How train stations closed the gap in travel retail

Airports used to be the clear leaders for travel retail, but train stations have now closed the gap.

Feature Resource

The new festive shopping report

Find out what consumers are looking for in their seasonal shopping experience in our New Normal Festive Shopping Report. Get insights from our poll of 2,000...